MFTNX vs. VTCLX
MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - MFTNX is a Systematic Trend fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, MFTNX returned 6.55%/yr vs 15.38%/yr for VTCLX. At a 0.12 correlation, their price movements are largely independent. MFTNX charges 1.56%/yr vs 0.09%/yr for VTCLX.
Performance
MFTNX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, MFTNX achieves a 17.57% return, which is significantly higher than VTCLX's 10.53% return. Over the past 10 years, MFTNX has underperformed VTCLX with an annualized return of 6.55%, while VTCLX has yielded a comparatively higher 15.38% annualized return.
MFTNX
- 1D
- -0.14%
- 1M
- 3.66%
- YTD
- 17.57%
- 6M
- 23.08%
- 1Y
- 44.31%
- 3Y*
- 5.82%
- 5Y*
- 10.79%
- 10Y*
- 6.55%
VTCLX
- 1D
- -0.70%
- 1M
- 4.04%
- YTD
- 10.53%
- 6M
- 10.36%
- 1Y
- 27.36%
- 3Y*
- 21.92%
- 5Y*
- 13.10%
- 10Y*
- 15.38%
MFTNX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFTNX Arrow Managed Futures Strategy Fund Institutional Class | 17.57% | 9.44% | 7.12% | -13.65% | 58.30% | 2.37% | -3.92% | 15.70% | -19.56% | 19.38% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 10.53% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between MFTNX and VTCLX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2012 | 0.12 |
Over the past year, MFTNX and VTCLX have become more correlated (0.41) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
MFTNX vs. VTCLX — Risk / Return Rank
MFTNX
VTCLX
MFTNX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MFTNX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 3.13 | +1.53 |
| Martin ratioReturn relative to average drawdown | 13.06 | 14.54 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MFTNX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.29 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.76 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.84 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.53 | -0.29 |
Drawdowns
MFTNX vs. VTCLX - Drawdown Comparison
The maximum MFTNX drawdown since its inception was -35.58%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for MFTNX and VTCLX.
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Drawdown Indicators
| MFTNX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -55.18% | +19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -8.79% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | -19.01% | -13.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -24.98% | -7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.58% | -34.56% | -1.02% |
Current DrawdownCurrent decline from peak | -0.14% | -0.70% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -7.56% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 1.89% | +1.58% |
Volatility
MFTNX vs. VTCLX - Volatility Comparison
Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) has a higher volatility of 4.12% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.95%. This indicates that MFTNX's price experiences larger fluctuations and is considered to be riskier than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFTNX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.95% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 9.10% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 12.03% | +7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 17.22% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 18.27% | +3.81% |
MFTNX vs. VTCLX - Expense Ratio Comparison
MFTNX has a 1.56% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
MFTNX vs. VTCLX - Dividend Comparison
MFTNX has not paid dividends to shareholders, while VTCLX's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFTNX Arrow Managed Futures Strategy Fund Institutional Class | 0.00% | 0.00% | 0.00% | 11.69% | 40.52% | 2.53% | 0.00% | 20.10% | 8.43% | 2.28% | 9.35% | 1.46% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
MFTNX and VTCLX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFTNX has higher volatility (4.12%) compared to VTCLX (2.95%). In terms of maximum drawdown, MFTNX dropped -35.58% vs VTCLX's -55.18%.
MFTNX currently has the higher Sharpe Ratio (2.30 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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